Conversion Shares Issuable Upon Conversion of Principal Amount. In case the Company decides to choose the option of converting the note into shares of Common Stock, once it has received a notification from the Holder to convert this Note, then the number of shares of Common Stock issuable upon a conversion hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Note to be converted by (y) the Conversion Price.
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Sources: Convertible Security Agreement (Ebix Inc), Convertible Security Agreement (Ebix Inc)
Conversion Shares Issuable Upon Conversion of Principal Amount. In case the Company decides to choose the option of converting the note into shares of Common Stockstock, once it has received a notification from the Holder to convert this Notethe note, then the number of shares of Common Stock issuable upon a conversion hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Note to be converted by (y) the Conversion Price.
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